Fed officials said at their last policy meeting that rates would likely stay higher for longer if inflation readings continued to disappoint, while some policymakers discussed their willingness to raise rates if needed.
Goldman Sachs CEO David Solomon said on Wednesday he does not expect the Federal Reserve to cut interest rates this year. "I'm still at zero cuts," Solomon said at a Boston College event. "I think we're set up for stickier inflation."
(Bloomberg) -- The United Arab Emirates’ biggest oil company offered a 5.5% stake in its drilling unit to investors in a rare such deal for the region.Most Read from BloombergThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashOne Dead After Singapore Air Flight Hit By Severe TurbulenceBarclays Managers Warn Some Staff to Prepare for Five Days a Week in OfficeState-run Abu Dhabi National Oil Co. plans to offload about 880 million